Common use of NAMING OF CLIENT Clause in Contracts

NAMING OF CLIENT. Where two or more natural persons and no others are named as the client, the account will be established in their names as joint tenants unless they specifically advise otherwise. In all other cases, the accounts will be established in the names as tenants in common. All account holders shall be jointly and severally liable for losses, fees or charges arising on a joint account. Among other things, this means that any monies owed on the account shall be payable in full by you or any of the other joint account holders.

Appears in 5 contracts

Sources: Client Agreement, Client Agreement, Client Agreement

NAMING OF CLIENT. Where two or more natural persons and no others are named as the client, the account will be established in their names as joint tenants unless they specifically advise otherwise. In all other cases, the accounts will be established in the names as of tenants in common. All account Account holders shall be jointly and severally liable for losses, fees or charges arising on a joint account. Among other things, this means that any monies owed on the account shall be payable in full by you or any of the other joint account holders.

Appears in 1 contract

Sources: Client Agreement